Mobile Mapping Market

Global Mobile Mapping Market Size (2024 to 2029)

The global mobile mapping market size is estimated to reach USD 15.74 billion in 2024 and USD 34.48 billion by 2029, growing at a CAGR of 16.99% during the forecast period.

The procedure for collecting geospatial information using mapping sensors on shifting platforms, such as marine vessels, cars, and aircraft, is referred to as mobile mapping. These systems use the Global Navigation Satellite System (GNS) software I, in addition to the INS (Inertial Navigation Systems), to allow accurate and quick computation of the non-stop altitude, 3D position, and attitude (pitch, yaw, and roll) of the aircraft.

Global Mobile Mapping Market Drivers:

The rapid evolution of mobile mapping technology has allowed broad acceptance of the market, which is expected to be a key driver for the global market in the coming years. A stable spending flow for product development and research efforts in the mobile mapping segment has been a significant boost to the market. As a result of the growing interest in mobile mapping applications by big technology companies, it is expected to be a big booster for the global market in the coming years.

The growth of the logistics and transport segment is also expected to be a key driver for the market's future. Mobile mapping provides significant advantages in these areas, where it can be used to track live goods, reducing the chances of the item being lost. The steady push of the automotive industry towards technically refined vehicles is also expected to help the market, given that the increasing amalgamation of mobile phone connectivity in automotive design has allowed an increase in demand for the market.

Evaluation of the current stage of the market and future implications of the market based on the detailed observation of recent key developments. Address the matter by better understanding the market size estimates through CAGR analysis to forecast the future market. Comprehensive segmentation of the market, a detailed evaluation of the market by further sub-segments. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is a result of the competitive environment.

GLOBAL MOBILE MAPPING MARKET REPORT COVERAGE:

This research report on the global mobile mapping market has been segmented and sub-segmented based on the type, component, and region.

Global Mobile Mapping Market - By Type:

• Land-Based Mobile Mapping

• Indoor Mobile Mapping

• Location-Based Mobile Mapping

• Output Mobile Mapping

Out of these, Location-based Mobile mapping dominated the industry in terms of market share. Rising use of mobile devices has improved network connectivity, and increased growth in mapping analytics are some of the key growth drivers for the global mobile mapping industry. The extensive use of digital maps across various mobile phones has spurred the growth of the mobile mapping industry. The 4G infrastructure has significantly improved data transfer rates relative to the 3G networks. Improved network connectivity has helped users to access mapping solutions on their smartphones in a resourceful manner for direction-finding purposes.

Global Mobile Mapping Market - By Component:

• Software

• Hardware

• Services

Out of these, the hardware component segment is expected to hold a significant market share in the global market. This includes imaging systems, tracking devices, laser scopes and scanning devices, and sensors. Imaging is a widely used hardware feature of mobile mapping systems. This can be due to technological advances in image recognition technology used in mapping across the infrastructure, transport, and disaster management sectors.

Global Mobile Mapping Market - By Region:

• North America

  • U.S

  • Canada

• Europe

  • Norway

  • Germany

  • Sweden

• Asia Pacific

  • China

  • India

  • Japan

• Latin America

  • Brazil

  • Saudi Arabia

• Middle East and Africa

  • Middle East

  • Africa

North America is recognized to have a significant increase in the market for mobile mapping. Canada and the U.S. are prominent countries in the region due to an increase in the number of business organizations that execute mapping applications and location-based services. The Asia Pacific is expected to see a high growth rate in the mobile mapping market over the forecast period. Developing economies, such as India, Japan, and China, are the leading countries in the APAC market due to increased investments in infrastructure growth.

KEY MARKET PARTICIPANTS:

The major companies operating in the global mobile mapping market include Apple Inc., Google Inc., Tomtom NV, Microsoft Corporation, Garmin International, Mitsubishi Electric Corporation, OSI Geospatial Inc., Telefonaktiebolaget LM Ericsson, Leica Geosystems Inc, Qualcomm Inc., and others.

RECENT HAPPENINGS IN THE MARKET:

• In December 2018, Gexcel launched the Heron indoor mobile mapping system, a completely high-definition, 360-degree panoramic camera that digitally records, captures, and georeferences large data sets and indoor information.

• In September 2017, IGI mbH signed an agreement with Teledyne Optech, a high-accuracy LiDAR 3D survey company and an integrated camera supplier, to expand the product portfolio by incorporating the best sensors into IGI's in-house advanced flight management systems and the GSP / IMU systems.